US Dollar Falls as Political Risks Impairs Positive Fundamentals

The U.S. dollar fell against its major rivals on Thursday, with politics still a major driver as investors awaited more detail on tax-policy plans from the Trump White House and remained cautious about the prospect of a trade war.

The WSJ Dollar Index BUXX, -0.28% a measure of the U.S. dollar against a basket of major currencies, was down 0.2% at 90.93. The ICE Dollar Index DXY, -0.42% which narrows that basket to six rivals, was down 0.4% at 100.72.

via MarketWatch

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza